620 W LAWRENCE Road
About This Property
The perfect place to host events, or even use as a bed and breakfast. Plenty of parking with a 4-car garage, 4-car carport, and much more parking on the private street and gated driveway. Resort style diving pool and spa, walk-up bar/grill, newly renovated tennis court, 2 half basketball courts, grass volleyball court, horseshoe pits, swing set, putting/chipping green, and a raised garden with string lights. The inside of the home features 4 bedrooms upstairs, all with walk-in closets and 2 full baths. The owners' suite is downstairs and includes a private office, cedar lined closet, sitting area, and private fireplace. The gourmet kitchen is the perfect gathering place, with a stunning formal dining attached. Don't forget to look up at the stunning ceilings and beams throughout the home. The expansive laundry room has an attached bathroom with a sauna!
The interior has so much character and makes you feel at home. It reminds us of The Hermosa Inn with all the custom woodwork, built ins, solid wood floor, etc.
Additional living quarters are the pool house and upstairs apartment. The pool house has a studio feel with its own kitchen, bathroom, and large closet area. The upstairs apartment is a 1 bedroom and includes laundry, a kitchen, spacious living room and bathroom. What a great opportunity. Also important to mention is that the sellers have invested significantly in the maintenance of the grounds themselves. New electrical panel that is commercial grade. All new plumbing and supply lines. New private road into the property. All new walls surrounding the perimeter. Refinished pool and decking. Come see this property today.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | No longer available | - | |
| No longer available | |||
| Nov 26, 2022 | Price Decreased |
$4,500,000
↓ $475K
(9.6%) | |
| Price Decreased | |||
| Nov 9, 2022 | Listed by HomeSmart | $4,975,000 | |
| Listed by HomeSmart | |||
| | |||
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TRUE NORTH CENTRAL GATED ESTATE & SITUATED ON 1.861 ACRES W/ OVER 10K SQFT. 2 BEAUTIFUL GLASS CUSTOM DOORS. $157K WINDOW & DOOR PELLA PACKAGE. SELLER SPENT IN EXCESS OF $1 MILLION PLUS, ON A MAJOR REMODEL INCL. NEW ROOF & FLOORING T/O, COMPLETE NEW LUXURIOUS KITCHEN , 5 NEW AC'S(OTHER 2 ARE 2 YRS OLD)ALL NEW BATHROOMS & LOTS OF NEW TREES. 157K SPENT ON PELLA DOOR/WINDOW PACKAGE. OWNERS STE ON THE MAIN LEVEL & 4 BDR'S UP W/I CLOSETS & 2 JACK & JILL FULL BATHS. BACKYARD IS INCREDIBLE: 50K GAL RESORT DIVING POOL+SPA, BASKETBALL COURTS, REMODELED TENNIS/PICKLEBALL COURT W/LIGHTS, GRASS VOLLEY COURT, PUTTING &CHIPPING GREEN& SWING SET. 4 CAR GARAGE+4 CAR CARPORT. POOL HOUSE, ATTACHED GUEST HOUSE, WORK OUT ROOM & ANOTHER OFFICE -STORAGE NEXT TO TENNIS COURT. 3 WATER HEATERS(2 ARE TANKLESS) The manager has listed the unit size as 10479 square feet.
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| Oct 7, 2022 | Listed by West USA Realty | $4,500,000 | |
| Listed by West USA Realty | |||
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About Alhambra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017